I love you Bing! number 11 would only apply if you have 20 years to wait for growth. Remember Bing you said you always buy high and sell low, well if you buy low now and can wait 20 years to sell high….then MAYBE (bold letters representing big maybe)that might be the 11th reason. But i don’t presume to know your age.
Posted By Josh, Tucson, Az : October 13, 2008 9:21 am
I loose almost everythink on stock,I don’t have fear anymore to became poor.I am poor now.
Posted By Rahat, woodside, NY : October 13, 2008 9:39 am
It can only get better?!
Posted By Janice, Charlotte : October 13, 2008 11:18 am
Umm .. because every stock is on sale?
Because there’s never been a 10-year period where the stock market has gone down?
Because buying-and-holding is the best method to accumulate long-term wealth?
C’mon Bing, you know better than this.
Posted By junger, silver spring md : October 13, 2008 1:10 pm
1. Be greedy when others are fearful, and fearful when others are greedy. – Warren Buffent.
2. Buy low, sell high.
3. You shouldn’t try to time the market, but even if you started a plan of investing monthly after the drop from 14k to 12k and were down now, you’ll still be way ahead in 18 months …
4. JP Morgan was beat up badly by shorts last week. This week the Mitsubish deal went through, and it’s up 64% today.
5. I expect that the market will rebound. I’m getting in. If I’m right, I’ll make a lot of money over the next 36 months. If I’m wrong, the shit will have hit the fan to the extent that staying out will have had little effect; I’ll have saved a bunch of nearly worthless money from the market. If things get that bad, my stash of ammo and scotch will be worth more than your dollars anyway.
Posted By Leeroy : October 13, 2008 1:20 pm
Actually, I don’t know better than this. I worked hard on this list, and think it incorporates ALL reasons a person would conceivably have to get into the market right now. On the other hand, I might have missed some.
Posted By Bing : October 13, 2008 1:34 pm
1. Stocks are relatively low for the most part
2. Again buy low and then sell for high for a possible profile (makes sense to me)
3. For myself, I’d probably just stay safe and just lock myself away and just watch the stock market to see what happens.
4. Investing is like gambling!
5. It’s addicting when you gain some monetary value on that “on paper” money.
6. You are making at least some notion of elevating your finances.
7. I’m guessing from the recent surge in the stock market (checked bloomberg, saw the Dow up over 590 points), it’ll rebound.
8. Optimistic views on investing is good for the soul.
9. Can’t think of anything else, sorry Bing.
Long time viewer of your blog, love it man, keep it up.
Posted By Lee Gillespie, Santa Rosa, CA : October 13, 2008 1:40 pm
Bing the first three reasons you listed seem a bit weak, I found the logic somewhat wanting in the other seven. My advice is to hold off until we fall a bit further.
Posted By Jack Hammond Canada : October 13, 2008 1:59 pm
Naw, I think you covered it!
Posted By Liberty, Seattle, Washington : October 13, 2008 3:48 pm
Actually, I can’t see much of anything here. I talk a lot about investing now and today. The media makes this a disaster, but you need to take advantage!
Posted By Vince, Chicago : October 13, 2008 5:26 pm
I have to start proof-reading my rants … Spelled ol’ Warren’s name wrong, and it was Morgan Stanley, not JP Morgan … though all dem fatcats look alike to me …
Posted By Leeroy : October 13, 2008 5:49 pm
Well, Bing, ol’ chap, the market was up 900+ points today. I made more than enough to cover the money I blew on scotch last week when everything was going to hell.
There’s a reason to get back in … you can’t win if you don’t play.
Posted By Leeroy again : October 13, 2008 5:51 pm
The giant roulette carrousel of products that Wall Street touts is always a sure pop.
If you can successfully determine how to handicap the market: long or short–you’ll make money everyday.
Last week was a short week. This week is starting as a long week.
Get yourself a rabbit’s foot, a four leaf clover, or a pixie to prompt you to decide the long or short of it.
Perhaps a good computer hacker can unlock the “gates” of the vast computer programs that rule the roost.
Anybody who hasn’t been stung by the investment process please tell us what lucky charm you used?
Posted By Bob Shelby Twp. Mi. : October 13, 2008 6:49 pm
Let’s see … nobody can sell his stock unless somebody else buys it, right? How about if we solicit reasons for investing from the recent tsunami of buyers?
Posted By Ed – Montreal, Canada : October 13, 2008 9:29 pm
#20
Because you love your country.Wink Wink!
Posted By AC Portland, OR : October 13, 2008 11:40 pm
The money is made when you buy, not when you sell.
Posted By Yadgyu, Harkeyville, TX : October 15, 2008 9:11 pm
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Stanley Bing
Stanley Bing is a Fortune columnist and best-selling author of business books noted for their wisdom as well as their sharp, slightly acrid sense of humor. He is also the only writer on business and the workplace who still puts on a suit and tie and goes to do battle with the dragons that breathe fire at corporate America every day. This blog captures what remains of his brain after it has exploded in all other directions.
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